Sonoco (SON) director Whiddon credited 825.9 phantom stock units in deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company director reports routine phantom stock grant. Director Thomas E. Whiddon filed a Form 4 showing an acquisition of 825.9 phantom stock units on 12/12/2025. Each phantom stock unit is the economic equivalent of one share of Sonoco Products Company common stock and is credited under the company’s directors’ deferred compensation plan.
The units were acquired in connection with a quarterly dividend under this plan and will be settled in Sonoco common stock when the director retires or otherwise leaves board service. Following this transaction, Whiddon beneficially owns 66,162.7 phantom stock units on a direct basis, further aligning his deferred compensation with Sonoco’s share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WHIDDON THOMAS E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 825.9 | $41.93 | $35K |
Holdings After Transaction:
Phantom Stock Units — 66,162.7 shares (Direct)
Footnotes (1)
- Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. Acquired on quarterly dividend on Sonoco Products Company's directors' deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.
FAQ
What did Sonoco (SON) disclose in this Form 4 filing?
The filing reports that director Thomas E. Whiddon acquired 825.9 phantom stock units tied to Sonoco Products Company common stock on 12/12/2025 under a directors’ deferred compensation plan.
How many Sonoco (SON) phantom stock units does the director hold after the transaction?
After the reported transaction, Thomas E. Whiddon beneficially owns 66,162.7 phantom stock units, all reported as held directly.
What is a phantom stock unit in the context of Sonoco (SON)?
Each phantom stock unit is described as the economic equivalent of one share of Sonoco Products Company common stock, meaning its value tracks the value of an actual Sonoco share but is settled later under the compensation plan.
Why did the Sonoco (SON) director receive 825.9 phantom stock units?
The 825.9 phantom stock units were acquired on a quarterly dividend credited to Sonoco Products Company’s directors’ deferred compensation plan, as explained in the filing.
When will the Sonoco (SON) phantom stock units be settled for the director?
The filing states that the phantom stock units will be settled upon the reporting person’s retirement or other termination of service from Sonoco’s board.
What was the reference price for the Sonoco (SON) phantom stock transaction?
The derivative line for the phantom stock units shows a price of $41.93 associated with the underlying Sonoco common stock.